The federal government is planning to invest up to $5.3 million for the purpose of federal funding for agriculture and bioeconomy growth. BioFuelNet (BFN) Canada is the recipient of the funds. The organization intends to put it toward bolstering the agricultural sector of Canada through greater biomass production, the development of cutting-edge conversion technologies, greenhouse gas (GHG) emission reductions, and carbon sequestration. "(BFN) will allocate funds to top laboratories across the country and coordinate their efforts," said Donald Smith, CEO of BFN. "All of this will be done to conduct research and associated required knowledge and technology transfer to drive the potential growth of Canada's bioeconomy through crop biomass management and utilization." The Head of the BFN has made the following announcement regarding federal funding for agriculture and bioeconomy growth. Agriculture can feed the globe and provide renewable bio-based products, chemicals, and energy. We are dedicated to ensuring that the industry has access to the resources it requires to lessen our overall carbon footprint and advance our efforts toward sustainability. The government is doing its part to keep the business competitive while supporting efforts that are good for the environment by investing in the bioeconomy of our country. The Clusters Component of the AgriScience Program is the source of these financial resources. It was designed to assist the nation in achieving net-zero emissions by almost the year 2050, and the federal government's goal is to reduce emissions by 2030. The federal government of Canada has committed up to $5.3 million to BioFuelNet (BFN) Canada to support the development of agricultural biomass supply chains, technologies, and products that will contribute to expanding Canada's bioeconomy. Yesterday, Member of Parliament Francis Scarpaleggia announced funding in the Sainte-Anne-de-Bellevue, Quebec community. The funding came from the Sustainable Canadian Agricultural Partnership's AgriScience Program's Clusters Component, which was responsible for the investment. The federal funding for agriculture and bioeconomy  growth will be utilized by BioFuelNet Canada's Biomass Cluster for research initiatives that fall under the following three themes:

• Manufacturing of biomass
• Chains of supply for biomass feedstocks
• Utilization of available biomass

The research activities that the cluster will conduct will include cultivating biomass crops on different marginal lands, the development of various microbial biostimulants, and a variety of conversion methods. The research and development conducted by The Biomass Cluster has helped improve Canada's biomass business at a time when our government is moving forward with Clean Fuel Regulations. These regulations are created to diminish greenhouse gas emissions from the transportation sector. The creation of a biomass industry that is both innovative and competitive is essential to the successful and economical implementation of the CFR. Donald Smith, the Chief Executive Officer of BioFuelNet, stated that they intend to distribute cash to leading laboratories throughout Canada to coordinate their efforts to propel growth in Canada's bioeconomy. According to Smith, "this cluster will lead the way in maximizing agriculture's role in controlling greenhouse gas emissions." According to Statistics Canada, in 2015, Canadian industrial bioproducts producers utilized 22 million metric tonnes of biomass, of which 57% was biomass derived from forestry and 43% was from agriculture. Grains and oilseeds comprised the vast majority of the biomass agriculture produces.   References: https://farmnewsnow.com/2023/08/31/feds-invest-5-3m-to-strengthen-bioeconomy-and-ag-sector/ https://www.canadianbiomassmagazine.ca/ottawa-invests-up-to-5-3m-in-biofuelnet-canada-to-advance-ag-biomass/ https://biodieselmagazine.com/articles/2518870/canadian-government-invests-5-3-million-in-biofuelnet-canada https://finance.yahoo.com/news/government-canada-announces-investment-biofuelnet-152800172.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAGvMkMYRmnGpupr2AP7H1U8V_7Gr1Bcl22Px6xe77pfqymVZbHF0i5KUfkNp-3Inmh9ezmGVXhEeolyBnPUwDhpIsK3fVym0w_ug5fjzKjW_I9nAFqDUK73cSRen_2q42fLUeon-pQ9AZqMKjJ5-666aYTNn_Uin-Cgv5vDfjhBM